Search results

Landis & Ammo Very good reads both of you made yesterday! It was certainly not easy to be bullish in the face of the 200 points drop in the INDU yesterday! Keep it up guys!:)

What a strong start! The market must be drawing strength from the Olympics opening ceremony right?:D I've drawn another possible count for the SPX 60min....

It seems like you have not read / studied the EW theory :) As you read, you will get plenty of ideas. I think it is most important to develop your personal conviction in your preferred and alternate counts. As soon as you have done so, limiting risk becomes a simple step of obeying the EW...

Hi codf Welcome :) If you read the past 20+ pages, you should be able to pick up some views on where each of us in this forum thinks the market is heading. To save you a little time, I thought the downmove from May 19 to Jul 15 is a completed 5 waves down. And we are in a correction...

Hi Eric First of all, welcome. Even among EW counters, there are many camps. Some hold a bullish view, some bearish. Some prefer short term counts while others long term. Sometimes some counters are right, sometimes wrong. Only the market is right everytime.:D If you have done some...

Elo, Thanks. You are right. I noticed everyone, including the folks at EWI, and many individual traders all expressed views on SPX hitting 1325. It is uncanny to have almost everyone on the same boat. Creepy.....:( but cautious and still sharing the same view as Mu below.....:D Let's see...

Just sharing my thoughts on the Nasdaq Composite.....

Elo, Thanks for the software drawn charts. If this trend continues and clears 1295, I am expecting about 1325 on the SPX before a downturn.... I'm watching closely.....:)

Thanks Mu. Yep, very bullish indeed..... the VIX dropped more than 7% today!!!!:) And the INDU just cross +300.....

What is "ROC"? Thanks!

QuangViet, I have no doubt we have been caught in a correction for the past 2-3 weeks. There are so many possibilities and it may be premature to conclude. However, my preferred count could possibly be sharing the same view as you! :) I believe there is room for a 1-2-3-4-5 up...

Quangviet, While I still do not fully understand your charts and the bull-bear sentiments, I am impressed by your consistency in anticipating directional changes. Keep it up!:)

Does anyone see a ED fifth wave in the 5 min SPY?

Selfish of me to think this way, but how I wish there can be regular (...but intermittent) thunderstorms so that you can be with us more.......:D On the daily SPX, I would prefer a 50% retracement to about 1325 so that there can be huge "3" down......:D Just in case you missed some...

Mu, Looks like you are going to get both!!! First a measured move down, then a new high.....:D Let's see if 1265 holds, or then 1259 if it doesn't....:)

I have been quite disturbed by all these overlaps since Jul 15th.... I guess it's just the market testing our patience:confused: In the longer run, I would certainly like to hold onto the view in the attached chart...:D

I'd like it to go to about 1325 too, but it seems like it wants to test 1265 first..... If it cannot hold 1265, then.......

I had some problems with my previous username hence this change. Was previously sg. Just to let you all know....:)

I agree with the MM up to about 1325 on the SPX, but the count today just seems so elusive......:(

Thanks Mup.... looks like I still have a lot of old posts to catch up reading...:) Landis82, You are right. I was too fast with that count..... :) Is it me or do you find today's upmove kind of strange again? Somewhat like the feel of the upmove from Jul 15th as well?:confused: